ACTIVE

VTX

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Financial year 2025 · closed on 30/09/2025

Net result

2,2 k €

-92.9% YoY

Gross margin

63,4 k €

-38.3% YoY

Equity

573,9 k €

+0.1% YoY

What does VTX do?

VTX is a Private limited company incorporated in 1997. Its main activity is: Market research and public opinion polling. Its registered office is in Ecaussinnes.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.347.350

Incorporation

04/04/1997

Legal form

Private limited company

Registered office

Rue de Familleureux 36
7190 Ecaussinnes · WallonieSee on map

Contributed capital

19 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities 43211Electrical installation 43211Electrical installation 43222Plumbing, heat and air-conditioning installation+3

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	63,4 k €	-38.3%	102,8 k €	-4.3%	107,4 k €	-8.9%	117,9 k €	+70.8%	69 k €	-4.1%	71,9 k €	-13.2%	82,9 k €	-13.2%	95,5 k €	+10.4%	86,5 k €	+11.7%	77,5 k €	+4.7%	74 k €	+11.9%	66,1 k €	-12.5%	75,5 k €	+1.2%	74,6 k €	+4.7%	71,3 k €	+13.6%	62,8 k €	+51.9%	41,3 k €	+3.8%	39,8 k €	+120%	18,1 k €
EBITDA	56,2 k €	-41.4%	95,8 k €	-3.5%	99,3 k €	-12.1%	113 k €	+69.1%	66,8 k €	-1.3%	67,7 k €	-14.9%	79,6 k €	-12.8%	91,3 k €	+9.8%	83,1 k €	+8.6%	76,5 k €	+7.9%	70,9 k €	+9.1%	65 k €	-8.7%	71,2 k €	-2.9%	73,4 k €	+5.9%	69,3 k €	+14.1%	60,7 k €	+56.9%	38,7 k €	+5.6%	36,7 k €	+117%	16,9 k €
Operating result	6,5 k €	-86.3%	47,4 k €	-27.9%	65,8 k €	-22.6%	85 k €	+126%	37,5 k €	+26.2%	29,7 k €	-26.8%	40,6 k €	-34.9%	62,4 k €	+14.5%	54,5 k €	+9.3%	49,8 k €	-13.3%	57,5 k €	+60.7%	35,8 k €	-40.1%	59,7 k €	+1.3%	59 k €	+6.1%	55,6 k €	+15.9%	48 k €	+46.5%	32,7 k €	+5.4%	31,1 k €	+373%	6,6 k €
Net result	2,2 k €	-92.9%	31,5 k €	-29.2%	44,5 k €	-33.2%	66,6 k €	+102%	32,9 k €	+77.7%	18,5 k €	-36.1%	29 k €	-31.2%	42,2 k €	+11.0%	38 k €	+30.9%	29 k €	-32.3%	42,8 k €	+74.6%	24,5 k €	-37.8%	39,5 k €	-24.5%	52,3 k €	+44.3%	36,2 k €	+128%	15,9 k €	-44.3%	28,6 k €	+34.3%	21,3 k €	+1268%	1,6 k €
Balance sheet
Equity	573,9 k €	+0.1%	573,3 k €	+5.5%	543,5 k €	+8.6%	500,6 k €	+14.9%	435,6 k €	+7.7%	404,3 k €	+4.4%	387,4 k €	+11.5%	347,6 k €	+13.3%	306,7 k €	+14.1%	268,7 k €	+12.1%	239,7 k €	+21.8%	196,8 k €	+14.2%	172,3 k €	+0.9%	170,8 k €	+15.8%	147,5 k €	+9.0%	135,3 k €	+13.3%	119,4 k €	+27.7%	93,5 k €	+29.4%	72,3 k €
Total assets	681,2 k €	-4.3%	711,7 k €	+10.0%	647 k €	+1.5%	637,5 k €	+5.0%	607,2 k €	+4.8%	579,4 k €	-2.5%	593,9 k €	+18.8%	500,1 k €	+5.5%	473,9 k €	+8.4%	437,1 k €	+26.2%	346,4 k €	+14.1%	303,5 k €	+25.5%	241,8 k €	+3.3%	234,1 k €	+8.3%	216,2 k €	+10.9%	194,9 k €	+55.0%	125,7 k €	-18.5%	154,3 k €	+92.6%	80,1 k €
Cash	27,5 k €	+35.4%	20,3 k €	+97.4%	10,3 k €	-90.9%	112,8 k €	+67.4%	67,4 k €	+58.1%	42,7 k €	+630%	5,8 k €	-93.0%	84 k €	+48.5%	56,5 k €	+421%	10,9 k €	-83.8%	67 k €	+25.9%	53,2 k €	+5.3%	50,6 k €	+231%	15,3 k €	-76.0%	63,7 k €	+123%	28,5 k €	+35.6%	21 k €	-63.6%	57,8 k €	+103%	28,5 k €
Debts	107,3 k €	-22.4%	138,3 k €	+33.7%	103,5 k €	-23.9%	136 k €	-20.7%	171,5 k €	-2.0%	175,1 k €	-15.2%	206,5 k €	+35.4%	152,5 k €	-8.8%	167,2 k €	-0.7%	168,4 k €	+57.8%	106,7 k €	+0.1%	106,6 k €	+53.3%	69,5 k €	+10.4%	63 k €	-8.3%	68,7 k €	+15.2%	59,6 k €	+843%	6,3 k €	-89.6%	60,8 k €	+670%	7,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Vincent Tuerlinckx

Mandate

Active

Ended mandates

Viencent TUERLINCKX

Manager

Ended

Vincent TUERLINCKX

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/02/2026	08/04/2025	06/03/2024	26/02/2023	18/03/2022	15/02/2021
General meeting	31/01/2026	31/01/2025	31/01/2024	31/01/2023	30/09/2021	31/01/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/01/2026	20/02/2026	French	PDF
Abridged model	30/09/2024	31/01/2025	08/04/2025	French	PDF
Abridged model	30/09/2023	31/01/2024	06/03/2024	French	PDF
Abridged model	30/09/2022	31/01/2023	26/02/2023	French	PDF
Abridged model	30/09/2021	30/09/2021	18/03/2022	French	PDF
Abridged model	30/09/2020	31/01/2021	15/02/2021	French	PDF
Abridged model	30/09/2019	31/01/2020	28/02/2020	French	PDF
Abridged model	30/09/2018	31/01/2019	19/02/2019	French	PDF
Abridged model	30/09/2017	31/01/2018	26/02/2018	French	PDF
Abridged model	30/09/2016	31/01/2017	21/02/2017	French	PDF
Abridged model	30/09/2015	31/01/2016	22/02/2016	French	PDF
Abridged model	30/09/2014	31/01/2015	12/02/2015	French	PDF
Abridged model	30/09/2013	31/01/2014	25/02/2014	French	PDF
Abridged model	30/09/2012	31/01/2013	09/04/2013	French	PDF
Abridged model	30/09/2011	31/01/2012	20/02/2012	French	PDF
Abridged model	30/09/2010	31/01/2011	07/03/2011	French	PDF
Abridged model	30/09/2009	31/01/2010	04/03/2010	French	PDF
Abridged model	30/09/2008	31/01/2009	27/02/2009	French	PDF
Abridged model	30/09/2007	31/01/2008	28/02/2008	French	PDF
Abridged model	30/09/2006	31/01/2007	01/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Vincent Tuerlinckx

Mandate

Active

Ended mandates

Viencent TUERLINCKX

Manager

Ended

Vincent TUERLINCKX

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/09/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other04/02/2014
DIVERS
PDF
Other21/01/2010
OBJET
PDF
Capital / shares06/11/2007
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/10/2007
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,2 k €↓
2025
Name changeV.T.X.
2024
Annual accounts 202431,5 k €↓
2023
Annual accounts 202344,5 k €↓
2022
Annual accounts 202266,6 k €↑
2022
Name changeVTX
2021
Annual accounts 202132,9 k €↑
2020
Annual accounts 202018,5 k €↓
2019
Annual accounts 201929 k €↓
2018
Annual accounts 201842,2 k €↑
2017
Annual accounts 201738 k €↑
2016
Annual accounts 201629 k €↓
2015
Annual accounts 201542,8 k €↑
2014
Annual accounts 201424,5 k €↓
2013
Annual accounts 201339,5 k €↓
2012
Annual accounts 201252,3 k €↑
2011
Annual accounts 201136,2 k €↑
2010
Annual accounts 201015,9 k €↓
2009
Annual accounts 200928,6 k €↑
2008
Annual accounts 200821,3 k €↑
2007
Annual accounts 20071,6 k €
04/04/1997
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VTX

Overview

What does VTX do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline